There is a newer version of the North Carolina General Statutes
2005 North Carolina Code - General Statutes § 55A-13-01. Prohibited distributions.
Article 13.
Distributions.
§ 55A‑13‑01. Prohibited distributions.
Except as authorized by G.S. 55A‑13‑02 or Article 14 of this Chapter, a corporation shall not make any distributions. (1955, c. 1230; 1985 (Reg. Sess., 1986), c. 801, s. 32; 1993, c. 398, s. 1.)
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